Nintendo proposes board changes, including veteran Takashi Tezuka retirement
Nintendo's shareholders approved a board refresh that elevates internal auditor Yutaka Takenaga and outside professor Chika Saka, while Takashi Tezuka retired as executive officer.
Nintendo shareholders approved a board refresh on Friday at the company’s 86th Annual General Meeting in Kyoto, elevating internal audit leader Yutaka Takenaga and outside professor Chika Saka to the Audit and Supervisory Committee while Takashi Tezuka retired as an executive officer. The meeting at Kyoto International Exhibition Hall “Miyako Messe” also approved a 177 yen per-share year-end dividend for the fiscal year ended March 31, 2026, and the board that followed named Shuntaro Furukawa as president and representative director and Shigeru Miyamoto as representative director.
Takenaga came from Nintendo’s Internal Auditing Department, where he had been senior director, while Saka was a professor at Kwansei Gakuin University and an outside corporate auditor at Takenaka Corporation. Nintendo also said three of the four Audit and Supervisory Committee members are outside directors, Asa Shinkawa, Eiko Osawa and Saka.
Shareholders also elected nine directors outside the committee: Furukawa, Miyamoto, Shinya Takahashi, Satoru Shibata, Ko Shiota, Yusuke Beppu, Chris Meledandri, Miyoko Demay and Kazuhiko Hachiya. Nintendo’s board and committee structure shapes how quickly risks get escalated, how much capital flows to new projects, and how hard management gets pressed on discipline around quality and timing. The company’s Board of Directors has 14 members, including five Audit and Supervisory Committee members and seven outside directors, six of them independent under Tokyo Stock Exchange standards.
Nintendo’s governance model separates supervision from execution through its Executive Officer system, with the Executive Management Committee meeting twice a month and the board meeting monthly as a rule. The 86th annual meeting, held at 10 a.m. JST, followed a notice period that required remote voting rights to be exercised by 5 p.m. on June 25, and the agenda also covered the 2025-26 business and financial reports, restricted-stock compensation and director elections.
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